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China's Agricultural Imports Boomed During 2003-04
- 英文名称:
- China's Agricultural Imports Boomed During 2003-04
- 作者:
- Fred Gale
- 工作单位:
- USDA's Economic Research Service
- 关键词:
- China; agricultural trade; imports; exports; vegetable oil; soybeans; cotton; tariffs; tariff rate quotas; World Trade Organization; WTO;
- 年份:
- 2005
- 出版地:
- Washington, DC, USA
- 总页数:
- 21 pp
- 语种:
- English
- 摘要:
- China's agricultural imports more than doubled between 2002 and 2004 due to surging demand for basic commodities, a more open trade regime, and tighter commodity supplies in the Chinese domestic market. U.S. agricultural exports to China jumped to a record $5.5 billion in 2004 due to dramatic growth in U.S. exports of soybeans, cotton, and wheat. China was the fourth-largest overseas market for U.S. farmers during 2004, accounting for 9 percent of U.S. agricultural exports. China's agricultural exports continued to climb as well, but at a rate slower than its growth in imports. The outlook for Chinese imports is favorable due to strong economic growth and continued liberalization of the economy.
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